Flotek Income Tax Expense vs Operating Income Analysis

FTK
 Stock
  

USD 1.24  0.03  2.48%   

Flotek Industries financial indicator trend analysis is much more than just examining Flotek Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flotek Industries is a good investment. Please check the relationship between Flotek Industries Income Tax Expense and its Operating Income accounts. Please check Investing Opportunities.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flotek Industries Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Flotek Industries' Income Tax Expense and Operating Income is 0.69. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Flotek Industries, assuming nothing else is changed. The correlation between historical values of Flotek Industries' Income Tax Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Flotek Industries are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., Flotek Industries' Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Operating Income

Operating Income is the amount of profit realized from Flotek Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Flotek Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of Interest Expense; Income Tax Expense and other Non-Operating items. It is calculated as Gross Profit minus Operating Expenses.
Most indicators from Flotek Industries fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flotek Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please check Investing Opportunities.Flotek Industries Selling General and Administrative Expense is decreasing as compared to previous years. The last year's value of Selling General and Administrative Expense was reported at 20.17 Million. The current Issuance Purchase of Equity Shares is estimated to increase to about 82.1 K, while Net Loss Income from Discontinued Operations is projected to decrease to (38.9 M).
 2019 2020 2021 2022 (projected)
Revenues USD119.35 M53.14 M43.27 M44.41 M
Revenues119.35 M53.14 M43.27 M44.41 M

Flotek Industries fundamental ratios Correlations

0.890.830.90.610.97-0.50.240.54-0.060.530.890.870.840.470.680.140.60.810.730.740.69
0.890.860.870.640.9-0.540.40.520.10.520.80.920.940.620.670.30.750.860.940.680.76
0.830.860.860.730.83-0.350.260.48-0.020.550.840.810.90.480.710.110.890.910.810.680.45
0.90.870.860.870.96-0.340.40.680.020.690.950.880.870.620.850.20.720.940.790.790.64
0.610.640.730.870.69-0.080.430.690.080.730.810.60.660.590.870.180.660.820.630.660.32
0.970.90.830.960.69-0.450.330.59-0.020.590.920.940.890.570.740.190.660.90.790.770.75
-0.5-0.54-0.35-0.34-0.08-0.450.04-0.620.320.09-0.41-0.45-0.4-0.01-0.460.21-0.23-0.22-0.43-0.69-0.34
0.240.40.260.40.430.330.040.050.880.460.10.410.420.950.170.920.390.370.560.070.33
0.540.520.480.680.690.59-0.620.05-0.390.380.750.460.410.150.94-0.290.310.510.380.90.22
-0.060.1-0.020.020.08-0.020.320.88-0.390.23-0.280.090.120.77-0.270.960.140.050.3-0.370.12
0.530.520.550.690.730.590.090.460.380.230.60.480.550.580.590.310.440.690.520.450.29
0.890.80.840.950.810.92-0.410.10.75-0.280.60.80.780.350.89-0.10.630.890.660.860.55
0.870.920.810.880.60.94-0.450.410.460.090.480.80.950.640.630.310.760.870.890.650.84
0.840.940.90.870.660.89-0.40.420.410.120.550.780.950.660.620.320.890.920.940.630.76
0.470.620.480.620.590.57-0.010.950.150.770.580.350.640.660.330.870.570.60.740.220.56
0.680.670.710.850.870.74-0.460.170.94-0.270.590.890.630.620.33-0.150.550.750.560.90.31
0.140.30.110.20.180.190.210.92-0.290.960.31-0.10.310.320.87-0.150.260.220.47-0.240.38
0.60.750.890.720.660.66-0.230.390.310.140.440.630.760.890.570.550.260.830.820.530.48
0.810.860.910.940.820.9-0.220.370.510.050.690.890.870.920.60.750.220.830.840.690.62
0.730.940.810.790.630.79-0.430.560.380.30.520.660.890.940.740.560.470.820.840.540.71
0.740.680.680.790.660.77-0.690.070.9-0.370.450.860.650.630.220.9-0.240.530.690.540.4
0.690.760.450.640.320.75-0.340.330.220.120.290.550.840.760.560.310.380.480.620.710.4
Click cells to compare fundamentals

Flotek Industries Account Relationship Matchups

Flotek Industries fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories75.76 M27.29 M21.7 M11.84 M9.45 M9.7 M
Receivables46.02 M37.05 M15.64 M11.76 M13.3 M13.65 M
Accounts Payable22.05 M15.01 M16.23 M5.79 M7.62 M7.82 M
Accumulated Other Comprehensive Income(884 K)(1.12 M)181 K(19 K)81 K87.39 K
Total Assets329.89 M285.88 M230.6 M86.21 M50.24 M51.57 M
Current Assets137.92 M194.78 M153.91 M66.45 M42.6 M43.72 M
Assets Non Current191.96 M91.1 M76.69 M19.75 M7.64 M7.85 M
Cash and Equivalents4.58 M3.04 M101.24 M39.32 M13.32 M18.71 M
Cash and Equivalents USD4.58 M3.04 M101.24 M39.32 M13.32 M18.71 M
Total Debt27.95 M49.73 M17.67 M14.8 M13.26 M13.61 M
Debt Current27.95 M49.73 M541 K4.74 M2.08 M2.13 M
Debt Non Current18.25 M7.83 M17.13 M10.06 M11.18 M17.52 M
Total Debt USD27.95 M49.73 M17.67 M14.8 M13.26 M13.61 M
Shareholders Equity264.9 M201.62 M172.03 M47.17 M20.19 M20.72 M
Shareholders Equity USD264.9 M201.62 M172.03 M47.17 M20.19 M20.72 M
Goodwill and Intangible Assets59.23 M26.83 M20.32 M8.09 M7.28 M7.47 M
Inventory32.46 M27.29 M23.21 M11.84 M9.45 M9.7 M
Total Liabilities64.63 M84.26 M58.57 M39.04 M30.05 M30.84 M
Current Liabilities64.63 M84.26 M41.32 M28.86 M18.78 M19.27 M
Liabilities Non Current42.08 M7.83 M17.25 M10.18 M11.28 M11.57 M
Trade and Non Trade Payables10.39 M15.01 M16.23 M5.79 M7.62 M11.52 M
Property Plant and Equipment Net52.79 M45.48 M56.22 M11.41 M7.34 M7.53 M
Trade and Non Trade Receivables34.9 M37.05 M15.64 M11.76 M13.3 M13.65 M
Accumulated Retained Earnings Deficit(37.23 M)(107.56 M)(142.24 M)(278.69 M)(309.21 M)(317.35 M)
Tax Assets15.54 M21.82 M783 K626 K301 K308.92 K

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Please check Investing Opportunities. Note that the Flotek Industries information on this page should be used as a complementary analysis to other Flotek Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Is Flotek Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flotek Industries. If investors know Flotek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flotek Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
94.2 M
Quarterly Revenue Growth YOY
0.094
Return On Assets
-0.18
Return On Equity
-1.25
The market value of Flotek Industries is measured differently than its book value, which is the value of Flotek that is recorded on the company's balance sheet. Investors also form their own opinion of Flotek Industries' value that differs from its market value or its book value, called intrinsic value, which is Flotek Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flotek Industries' market value can be influenced by many factors that don't directly affect Flotek Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flotek Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Flotek Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flotek Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.